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tv   The Willis Report  FOX Business  May 22, 2013 9:00pm-10:01pm EDT

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>> nixon, if we had the same press back then as we have now, exactly. neil: good night. gerri: hello, everyby, i am gerri willis. tonight on "the willis report." a top irs official takes the fifth and denied misleading congress. i have not done anything wrong. >gerri: watch out, your cell phones tracking your every move. and our seri of special reports on youmedical privacy. the big business trading your medical records. re watching out r you tonight on "the willis report." first tonight we take you to the
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floor of theouse of representatives where we are expecting a vote on the keystone pppeline. this is something we have been waiting for for quite some time. getting the pipeline built. the vote is expected this hour. we will be watching it very closely for you. michelle blackburn will join us in a few minutes, she is a key part of that legislation. our top story tonight, ur phone, cell phon striking her every move and that data is being sold. everything from yourocation to yo web browsing habits and selling it to marketing companies. consumers are becoming a product and not the user. joining us now, covering this ory. great to have you here. why are the phone companies doing this now?
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>> because it is good mon. especially as we are looking at ways to increase their profit margins whethey a the recoil against excessive data fees, and i need a way to make more moy and data is a fantastic way to do it. gerri: one executive talking about what they are doing describes data as the new oil. tell us exactly what they are tracking. >>t snds like tracking your web browsing a your location tung nuts together with the demographic data. i li in las vegas, right now i am at the casi, and that is a way to pilots together, a clear picture of who people actually
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ar gerri: you cld in las vegas be arching for some sort of sporrs clothing company on your smart pho and everybody in the world woul know that and send you ads and offers. >> in theory. gerri: but iis true, right? >> yes. try to do things in aggregate, not quite as personal, i will get pissed off unless this is specifically what eric wants. gerri: informaon is provided solely on an aggregate basis. not for individual customers who choose not to pticipate but can the state o ms. data reallye
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anonymous? >> that is kind of a million dollars question here. very difficult to anonymize da data. it comes down to kind of, and i n't know the specifics but if verizon is saying this kind demographic information tied to location without any scific data, that is one thing. if they anonymize data to say have added, that sort of stuff might be able to be anonymize. gerri: is it legal? phone companies shall not divulge the content of any communications. thatounds like exactly at they are doing. >> i think what they would argue
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is that are no divulge any of the content of you commicatn, not looking at your text messages or recording your phone calls. saying somebody s at this website at this location and we will give you an aggregate location of it. a trend of 20,000 people, not one person at this location set this. gerri: you have a lot more confidence in their desire to keep the information private than i do. thank you for coming on. >> thank you. gerri: coming up, i will be joined the author of our medical ivacy week. he will tell us how stores are using your medical data for profit. and how they knew one man's daughter is prrgnant before dad did. we'll tell you how that happened, and in the meantime,
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the recovery effort aer that deadly tornado in oklahoma. the tornado destroyed or damaged as many as 13,000 homes and may have caused $2 million in overall damage. shepard smith joins us now. tell us about the recovery efforts. >> it is slow and it is massive and requiring thousands of people. we flew overhead this morning, the integrity of from where the rnado first hit the ground until lifted up into e air, it is miles on and. thounds upon thousands of busisses and homes. it is astounding that onlyn pieces, one and another, but to see the whole area, it really blows yo mind.
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even somebody used to speing all day ong. get medicine and that sort of thing, whatever they want to salvage what has become a beautiful day. is hoand difficult for people out here now. it is only going to get worse expecting more of these storms trying to get as much accomplished now as they can. gerri: the ap had a story which i am sure you, the impact of that canadwas muchhe blast of hiroshima. so strong, really devastating. no questions being asked of those schools. are you hearing any of these questis of the safety of the schools and how ey try to keep is young children safe? >> we're hearing lot about it. new schools ha undergroundnd
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shelters, enough to house the students. near homes, legislation being posed for any new homes in the area to havenderground shelters. the school were seven kids died was an older schl. toby keith had gone to one of those schools and it never had a storm shelr, and after 1999 the1999that did not requirelder schools to build underground shelters. that is something they are considering now. i'm sure the families wish hey had d that. many kids we traumatized by it. putting kids safety s to come rst and that is under consideration. gerri: one more question, a lot of people in east coast wder why those homes don't ha basements, many of them. why is that?
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>> in some cases it comes down to money. people aren't load everywhere. these are e upper-middle-class neighborhood, a t of people's lives were saved because they were in storm shelters. the evidence is suggestive those who died, a couple at a -@7-eleven, if those people re not underground, if anybody had died underground we have not beenble to pinpnt it. as a a resultt they have to rethink everything. if you are going to live in tornado alley and a pla that has been target time after time after time, it is something you have to consider. gerri: terrific job, we have been watching every minute of it.
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now, we wanted to bring the latest developments on another recent tragedy. the minister of the boston marathon boston coopsati fund says so far just five people have filed for applicaaions for a portion of the 30 million peoples. families have unl june 15 to complete applications or they are out of luck. i submit that happened when he ran the 9/11 fund. day three of our look at the medical privacy. they are gathering your information and selling it to the highest editor. and next, it has been 2000 days since the ystone pipeline was first proposed. is it time for congress to get this thing done? marsha blackburn gives us her take afterthe break. bny mellon combines investment management & investment servicing,
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gerri: the retailer target has you in the sites. tracking your most private inrmation and targeted is so good spine an on you found out a teenage girl was pregnant before her own ther found out. we continue our investation into your private medical data. the power of habit, why we do whate do in life. i want to talk about this teenage girl first. how did that happen? target has spent a lot of time trying to figure out everything they can about anybody who o walks into the do. you use a credit card or open an e-mail, they will try and track who you are. they want to know things like who is pregnant and a father came into a store d talked to the store manager and said i don't understand what is going
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on. you spend alof these coupons kids and diapers, she's only 18 years old. e manager was so apologetic and said i'm sorry, n't know what is happening. a couple of days later he apologized again. the father said it turns out there was activity we were not aware of in my usehold and she is duen august. gerri: unbelievable. do you think the track it so closely is because that is a point in time a woman will change yr shopping habits and target will lock onto her? >> that is exactly right. the entire shopping behavior has changed. when you buy a new house or move into an artme your shopping habits are up for grabs.
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we'rthey are pbably not even awe of it. the biggest life change happens en you have a baby. is a publicecord, everybody send to coupons. they want to find o who is pregnant before they giv birth. gerri: let talk about some of the things target tracks. i was surprised to learn some of the details. your politics, your reading habits, what kind of car you drive, not just your address and phone number, talking real details. >> they triedo figure out at party affiliation you have. they will buy information for the large data warehouse, if you have any mecal conditions based on the magazines you are asking for. every single time you do something that creates a it of
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data whethert is your credit ca or sign-up for a rait ofption. you are and sell it to companies like target. gerri: i quoted in the first part of my show verin is collecting iormation in onof the executives say they data are oil, it will be this lucrative. the target spokesperson in response, the use researchools to help us understand shopping trends and preferences so we can give our guests offers a promotions relative to them. they're always welcome to opt out. how easy is that? >> you can say i don't want these e-mails. but mosteople don realize how much they e being tracked. target has a point when is it
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we're ing coupons people can use. getting a coupon for a crib is useful. we got these coupons that were amazing. but the thing is that a trade-off between privacy and convenience. allow them to track what you are buying. gerri: let me quote you december, $23 billion coming out of money target makes after coming up with this pregnancy model. they are making big bucks off of individual americans information. >> absolutely. everything we know about information is the more they can learn about youk5h specificallye more i can convince you to buy my product. that means i can make billions. gerri: i can, are financing th.
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how many ways can you make money off of me as a consumer? absolute pleasure. now we wt to know what you think. why do companies track your personal data? to serve you or to serve the company? vote on the right-hand side of the scree and coming up, much more on your medical privacy. pharmacies are notust looking at what drugs you are on, but selling that information. details next. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future...
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gerri: you mayant to think twice before buying the candy bar in the candy line.
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gerri: did you know your shopping habits were being watched? there pickg at your shopping habits to monitor yr health and make sure you are not eating too ma candy bars. joining me no consumer education president. great to have you on set here. what of the insurers looking for, how are they tracking us? >> they are tracking us a lot of ways. lot of information we are giving to them voluntaril corporate wellness programs. how often yore going to the gym and put the monitors on your
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wrist. risk mitigation and marketing. gerri: a lucrative. >> very lucrative. gerri: they spent a ton of dou dough, so here hey have just an incredible amount of data, small pieces of information aut your buying habits, what you are doing, where you are going. this helps em manage cost on behalf of the company. >> ocourse it does. and make sure peoplare healthy. anytime they can get the hands on information, it is valuable to them. gerri: johnson & johnson paying
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$500. here you give them every single detail. if i am looking for a job,hat if iail a pre-cancer screening? >> theirttitude is look, if you are sick or unhealthy, are you really the right fit for this position? gerri: they are not 20, not 25. they may have some kind of condition they arerying to monitor. they said submit your information or we will have you pay a fine every year. >> you'd be surprised that subsidized by drugmakers. i want to know who they can market to, other pharmacies.
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gerri: you are sring me. here's what i'm wondering, what if i go to the big-name reer and find plus size clothinn. this is a serious issue. does that mean my employer might know that? >> the employer wouud know that because they seeou every day. nowadays aggregated with other information. if you use your card to buy anything anywherthey know immediately, they know what merchant you are currentl at, so absolutely they know an infraction of a second, if you're at a bar, if you are auto painting your gym membership, to have all this infoaaion and it all goes into their models,
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without a health risk you are or not. gerri: now insurers e buying the detailed spending data. ultimately your player can know every detail of your health issues maybe even before you do. >> no more secrets. truly no morecrets. it is big money, massive money. looking at what kind of a mrket or what i can take away. it will get worse. it is partially our fault. we put too much information about ourselves. we are voluntarily giving a lot of ts infmation out. gerri: don't use a credit card to buy things.
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this will keep you from being tracked and don't use a cell phone. >> think about information you're getting on warranty cards buying aefrigerator or whatever, you fill out a boatload o information that has nothing to do with the fact you are about touse their microwave. why are they asking for that infoation? all of that information is being sold to someone else. so they can market things to you. gerri: thank you for coming on the show. coming up tomorrow, we break down the risk to your medical information on the clod. how to make sure hospitals are keeping your data safe online. the irs official at the center of thegency targeting conservative groups today telling congress she did nothing
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at all wrong. as republican congressman told lou dobb the decision to remain silent is just part of a complete lack accountability in washington. >> talk about the executive brbranch nobody sees anything, u number knows anything. systemic failures and these are the excuses in this town. i don't think that i acceptabl for the american people. maybe commanders responsible for what happens even if it is a low-level commander that makes a mistake. >> it is pretty clear he did not serve inhe navy. gerri: what are you covering tonight? >> doing the unthinkable for ppose it publ servant even before she spoke and refused to
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speak. a decrat warned the witnesse their refusal to cooperate cod result in a special project. i will be talking with house oversight member who says she waved her fifth amendment protection when she gave an opening statement, and also talking to the opposition in the gang of eight last night on the judiciary committee, so we will talking with him about y we don't know more about the effects of immigration in this country. gerri: cannot wait for that. always good to see you. ming up next, we go live to capitol hill for the latest, a vote is expected shortly. more on the woman at t center of the irs scandal. what is the latest on how the
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agency does its job. m so glad you called. thank you. we're not in london, are we? no. why apparently my debit cards. what? i know. don't worry, we he cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back how was london? [ female announcer ] when people tal great things happen. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it haen. i'm janet long ani formed my toffee company through legalzoom. never really thought i would make money doing what love.
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>> from our foxbusins studios in new york, here again is gerri llis. gerri: the third time seems to be the charm for the officials to showcase ridiculous lengths they would go to to deny any wrongdoing. fancy footwork avoiding the camera's and the scandal had it all and the last time irs was under political scrutiny the number of audits dropped. this is another golden opportunity for tax chief? domini wcome back. you see they get targeted alll the time. > everybody's all upset about
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their targeting. a target all the time. profeson, geographic location where you live, where you wk and measuring against your peer group, have a certain score. discord byhe irs. gerri: because reallyealthy people and business owners often. >>% of americans get audited but that is a misleading statement. 12% of people over $100 $1 milln get audited. gerri: taking the fifth, let's listen to tt.
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>> i have not done anything wrong. i have notroken any laws, have not violated any rules or regulations that have not provided false information to this or any other congressional committee. after careful consideration i have decided to follow my consul device and not testify any questions today. gerri: i didn't do anything wrong, but i will not talk to you. >> don't want to incriminate myself. you want to take the fifth, go ahead, but how do you make that statement? >> tough.
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gerri: little detail that caught our eye, deputy treasury secretary moved out of camera range, he would not be caught in the all-important swearing-in shot. what do you make of that? >> 's are people not comfortable in front of the camera. the kids are watching. gerri: tha there he is,he boss,e doesn't want to be in the picture. >> don'tant to be associated. rri: we said what has happened in the pt, we have to take a step back and fewer audits, do
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you pect that to happen? >> obama cap next here, they have to cut back on audits. only so many available in india. if you are a high net worth, high income person self-employed business owner you can expect those percentages to go higher. gerri: i was hoping for some good news. thank you for coming on, always good to see you. when we come back, how to pick the best airline f your next trip and the latest vo on the keysto pipelin bill. stay with us.
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at od, whatevebusiness you're in, that's the business we're in with premium service like one of the best onime delivery records and a low claims ratio, we do whater it takes to mak your business our business. od. helping the worl keep promises. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: yore history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it.
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rri: president obama had been dragging his feet on the keysto pipeline despite it was first proposed back in 2008. the house is taking matters into its own hand voting for a bipartisan bill by passing the president altogether. republican congresswoman of tennessee, vice chair of the energy and commerce committee. great to have you here. tell us how this bill is different from what we have seen in the past. >> what this will do is to approve 875-mile portion of this keystone pipeline, a portion needing to be finished so we can t that fuel into the gulf. and molasses type content,
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really rich what we are needing to move in and refine so we are pushing into the transportation fuel component of this country. a little under 800 million gallons per day in thisountry, we produce 300 million ourlves. around 40 milln gallons per day. gerri: and a lot of op feel like this is important, the bill itself is designed to jumpstart the program and doing work around for a president who has been blocking this. people are saying they oppose it, they d't oppose it, where is this going go tonight? >> this is a work arou. if he will not do the heavy lift, we will. we will send it to the senate. there is bipartisan support in the senate and we anticate they will pass it and it will go
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to the president's desk. he may sign it intoaw, we hope you will. gerri: are you kidding me? i thought he was against it. >> you never know. we can sit by and do nothing and say he would veto anything in the past, or we could challenge on this. that is to get the pipeline built. there's a lot of democrats in the senate up for reelection. we know that. the american people are sick and tired of paying 350 per gallon per day. if we're going to push ourselves to energy independence, listing business.
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gerri: it is languishing, it is sitting there, and canadian officials about this very issue. look, they were going to go somewhe else. if the predent dsn't get behind this idea, the jobs, the oil, the money will go to another altogether. maybe china. >> and then what are we going to do? what we are importing, what we're using. will have import more and ported from a cartel, opec, china. we are trading it to people owing us.and they turn around and they buy our debt.
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we can continue to do this. 20,000 jobs if we can get this project started. gerri: i hear the voting has begun. thank you for coming on with us. now ontohe stay in business history, videogame maker released pac-man. while eating pizza. notice to slice is missing giving the character's look. pac-man generated $2.5 million mostly in quarts. producing 30 spinoff games since the original pac-man. history microsoft announced the xbox 360 is getting a suessor, the xbox one. pretty cool.
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one the highest grossing video games of all-time, pac-man, was released 33 years ago. my two cents more on this priorities, and answer how do you do that? picking the best for your summer vacation. stick withs. you hurt my feelings, todd. i did? when visa signature asked everybody what upgraded d experiences really mattered... you suggested luxxury car service instd of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] ell, i travel a lot and umm... [ male announcer ] at visa signature, every upgradedxperience
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gerri: it is going to be another busy memorial day weekend on the nation's highways. starting tomorrow more than 31 million americans will drive at least 50 miles. castle cost a little more this year. likely keep increasing over the weekend, as it does aaa also estimatee 2 million travelers will fly this weekend funny on which airline is best for your trip never easy. joining me now, senior project editor for consumer reports. always fun to have you on. he came up with this great list, virgin is at the top of it. why did it stand out to your readers? >> 32,0 flights, it was astoniing, virgin america
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which has only been around since 2007 had some of the highest scores we've ever seen for airline. it was rely rerkable. exceptional in-flight information, excellent baggage handling. chcheck-in was a breeze. gerri: they charge you a check in fee, how do they get around that? >> most major airlines today pretty much charge at least $25 to start, on a couple of airlines, jetblue and southwest at least give you one free bag, they score quite well but not quite as well as virgin.
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gerri: here's what was interesting to me. spirit airlines was last. the ceo says we are the mcdonald's of airlines, custers know what they are getting wi us, we are the cheapo. >> kind the old story people hold their nose and y it is cheap. the money brings them in. low fares are only part of the equati and nobody emphasizes more than spirit. anything from a carry-on luggage to a checked bag per bottle of juice, bag of peanuts or anything you can imagine, to make your flight is going to cost you extra.
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if you have a nd for a basic seed, you will pay. when you check a bag, the fee will go up depending on where you do it amuch as $100. gerri: tracking down the best fares. we always worked the web. check third-paparty sites, what are those? >> it is important to check the airline and third-party sites because while the prices don't differ much at all, they have different reservation systems. pplier inventory is added and deleted at different times. i wor worked them like a piano keyboard. going back and forth because you find out some sites may remove the inventory later on the
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airline itself may have a special sale they don't let the third-party say. gerri: areou trying to tell us something? >> they may say yo luggage is overweight. one of the biggest ways to get killed. i think that may wgh morehan 40 pounds basic allotment could, to upward of $200. that is outrageous. stakestates the weight limits. gerri: thank you so much. always a pleasure. with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward here's yourake up call. [ le announcer ] get the spark business card
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is not the 2014 e-class, se your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of u investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. gerri: you are looking at live pictures of the floor of the use of representatives where it looks like the keystone pile line bill is passing, a big win possible for the keystone
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xl pipeline, all this week we've been discussing your medical privacy right. today we show you how companies are tracking that data, saying it is for your benefit. do you agree? why do companies track your personal data we asked on gerri will to you may soon be ale to bring rry members of your family with you next timime you take te train, 4 house members are proposing a billorcing amtrak to allow at leastne car in the passenger train to allow cats and dogs. they would have to be in kennels, that is all well and good. but really? 4 house members felt a need to make it a priority? ldn't they spend their time balancing the budget. maybe finding a fix for social security. how about the tax code?
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that i it for tonight's willis report. have a great night. we'll see you here tomorrow. lou: good evening i'm lou dobbs, these people are swearing to tell the truth, in front of the house ove oversight committee t, although not many americans according to latest pol polls ce pecked to of about -- pectsed to believe them, and lois warner. >> i have been advise by high council to assert my constructional right not to testify or cancer questions we lated to subject matter of this hearing. lou: the fifth, refusing to answer questions after pleading her cas with a series of denials and


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